This is the third table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. Tables 3c give figures for the distribution of assistant professor salaries across the departments reporting. Last posting gave the distribution for full-professors and the distribution for associate professors. The next posting has the distribution for entering salaries for new Ph.D.’s. Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.
Also there is a table of the anticipated (as of December 1965) range of salaries to hire freshly completed PhD’s for the coming academic year, 1966-67.
Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.
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TABLE 3c
ASSISTANT PROFESSORS 1965-66, 1964-65
(1)
Median Salaries
All Assistant Professors
|
MID-POINT |
1965-66 | 1964-65 |
| Over 11,249 | 0 |
1 |
|
11,000 |
0 | 0 |
| 10,500 | 3 |
0 |
|
10,000 |
7 | 1 |
| 9,750 | 2 |
0 |
|
9,500 |
6 | 6 |
| 9,250 | 3 |
2 |
|
9,000 |
4 | 5 |
| 8,750 | 1 |
6 |
|
8,500 |
1 | 2 |
| 8,250 | 1 |
3 |
|
8,000 |
1 | 2 |
| 7,750 | 0 |
0 |
|
7,500 |
0 | 0 |
| 7,250 | 0 |
1 |
|
N= |
29 | 29 |
| Median | $9,500 |
$8,900 |
|
Mean |
$9,402 |
$8,936 |
TABLE 3c
ASSISTANT PROFESSORS 1965-66, 1964-65
(2)
Average Salaries
“Superior Assistance Professors”
(Top 1/3)
|
MID-POINT |
1965-66 | 1964-65 |
| Over 11,249 | 4 |
1 |
|
11,000 |
3 | 2 |
| 10,500 | 8 |
5 |
|
10,000 |
7 | 3 |
| 9,750 | 2 |
2 |
| 9,500 | 3 | 4 |
| 9,250 | 0 |
3 |
|
9,000 |
1 | 3 |
| 8,750 | 1 |
3 |
|
8,500 |
0 | 0 |
| 8,250 | 0 |
2 |
|
8,000 |
0 | 0 |
| 7,750 | 0 |
0 |
|
7,500 |
0 | 0 |
| 7,250 | 0 |
1 |
|
N= |
29 |
29 |
| Median | $10,250 |
$9,500 |
|
Mean |
$10,333 |
$9,575 |
TABLE 3c
ASSISTANT PROFESSORS 1965-66, 1964-65
(3)
Average Salaries
“Average Assistant Professors”
(Lower 2/3)
|
MID-POINT |
1965-66 | 1964-65 |
| Over 10,749 | 0 |
1 |
|
10,500 |
1 | 0 |
| 10,000 | 5 |
0 |
|
9,750 |
2 | 0 |
| 9,500 | 4 |
3 |
| 9,250 | 7 | 1 |
| 9,000 | 2 |
8 |
|
8,750 |
4 | 3 |
| 8,500 | 1 |
5 |
|
8,250 |
2 | 3 |
| 8,000 | 1 |
1 |
|
7,750 |
0 | 2 |
| 7,500 | 0 |
1 |
|
7,250 |
0 | 1 |
| N= | 29 |
29 |
|
Median |
$9,300 | $8,800 |
| Mean | $9,251 |
$9,063 |
Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.
Image Source: Brussells conference, cartel magnate (detail). Postcard from 1902. Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA.